Core Insights - Verizon Communications Inc. reported first-quarter adjusted earnings of $1.19 per share on revenue of $33.49 billion, exceeding analyst estimates, but experienced a larger-than-expected loss of 289,000 postpaid net phone subscribers, compared to the anticipated decline of 197,000 [1] - The company attributed the subscriber cancellations to inflationary pressures but reaffirmed its full-year guidance [1] Technical Analysis - Verizon stock has decreased by 2.4% to $41.92 and has lost 5.5% in the current quarter, approaching its year-to-date breakeven mark [2] - The stock has fallen below its 320-day moving average, indicating a potential bearish signal for traders [2] Options Market Activity - Options volume is currently at twice the intraday average, with 12,000 calls and 7,752 puts traded, indicating a slight preference for calls over puts [3] - The most active options are the weekly 4/25 44-strike call and 43-strike call, suggesting traders may be positioning for a short-term bounce despite the post-earnings dip [3] Sentiment Trends - Recent sentiment has shifted, with puts being bought at a faster-than-usual pace over the past two weeks, indicating a strong bearish tilt in positioning [4] - Verizon's 10-day call/put volume ratio ranks in the 89th percentile of its annual range, suggesting a potential change in sentiment if the current call skew persists [4]

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1Q 2025 Earnings April 22, 2025 "Safe Harbor" Statement In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward- looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words "anticipates," "assumes," "believes," "estimates," "expects," "forecasts," "hopes," "intends, ...

Group 1 - Verizon Communications reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and showing an increase from $1.15 per share a year ago, representing an earnings surprise of 3.48% [1] - The company posted revenues of $33.49 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.48%, and an increase from $32.98 billion year-over-year [2] - Verizon has outperformed the S&P 500, with shares increasing about 7.4% since the beginning of the year, while the S&P 500 has declined by 12.3% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $33.35 billion, and for the current fiscal year, it is $4.70 on revenues of $136.65 billion [7] - The Zacks Industry Rank indicates that the Wireless National industry is in the top 13% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8]

Financial Performance - Total wireless service revenue reached $20.8 billion in Q1 2025, up 2.7% year over year[7] - Consolidated net income for Q1 2025 was $5.0 billion, compared to $4.7 billion in Q1 2024[7] - Earnings per share (EPS) increased to $1.15 in Q1 2025 from $1.09 in Q1 2024[7] - Total operating revenue was $33.5 billion in Q1 2025, reflecting a 1.5% increase year over year[7] - Free cash flow rose to $3.6 billion in Q1 2025, up from $2.7 billion in Q1 2024[7] - Consolidated Net Income for the three months ended March 31, 2025, was $4,983 million, compared to $4,722 million for the same period in 2024, reflecting a year-over-year increase of 5.5%[45] - Consolidated Adjusted EBITDA for the three months ended March 31, 2025, was $12,555 million, up from $12,072 million in the same period last year, representing a year-over-year growth of 4.0%[45] - Adjusted EPS for the three months ended March 31, 2025, was $1.19, compared to $1.15 for the same period in 2024, showing a growth of 3.5%[50] Revenue Breakdown - Consumer wireless service revenue was $17.2 billion in Q1 2025, an increase of 2.6% year over year[11] - Verizon Business revenue was $7.3 billion in Q1 2025, a decrease of 1.2% year over year[11] - Total operating revenues for the consumer segment increased by 2.2% to $25,618 million for the three months ended March 31, 2025, compared to $25,057 million in the same period last year[26] - Wireless service revenue increased by 2.6% to $17,199 million compared to $16,760 million in the previous year[34] - Total wireless revenue reached $27,176 million, reflecting a 2.7% increase from $26,459 million[41] Subscriber Growth - Broadband net additions totaled 339,000 in Q1 2025, with fixed wireless access growing to over 4.8 million subscribers[11] - Total broadband connections grew by 10.2% to 10,244,000 from 9,297,000 year-over-year[29] - Fixed wireless access (FWA) broadband connections surged by 40.8% to 2,914,000, up from 2,070,000[29] - Verizon aims to achieve 8 to 9 million fixed wireless access subscribers by 2028[11] Operating Metrics - Operating income rose by 6.1% to $7,978 million for the three months ended March 31, 2025, compared to $7,521 million for the same period in 2024[19] - Operating expenses for the three months ended March 31, 2025, were $25,507 million, a marginal increase of 0.2% from $25,460 million in the same period last year[19] - Operating Income Margin for the Consumer segment was 29.0% for the three months ended March 31, 2025, slightly down from 29.4% in the same period last year[54] Cash Flow and Debt - Cash and cash equivalents decreased by $1,937 million to $2,257 million as of March 31, 2025, from $4,194 million at the end of 2024[21] - Total assets decreased by $4,347 million to $380,364 million as of March 31, 2025, compared to $384,711 million at the end of 2024[21] - Total debt as of March 31, 2025, was $143,649 million, a slight decrease from $144,014 million at the end of 2024[22] - Total Debt as of March 31, 2025, was $143,649 million, with Net Unsecured Debt at $115,056 million, resulting in a Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio of 2.3x[49] - The forecast for Free Cash Flow for the twelve months ending December 31, 2025, is projected to be between $17,500 million and $18,500 million[53] Dividends - The company declared quarterly cash dividends of $0.6775 per common share, consistent with the previous quarter[22] Business Segment Performance - Segment EBITDA for the Consumer segment for the three months ended March 31, 2025, was $10,967 million, reflecting a year-over-year increase of 2.7%[54] - The Business segment reported Segment EBITDA of $1,684 million for the three months ended March 31, 2025, which is a 10.3% increase compared to the same period last year[54]

Core Insights - Verizon reported strong financial performance in Q1 2025, driven by innovative and segmented product offerings that cater to the evolving needs of consumers and businesses [2][4] - The company remains confident in achieving its full-year guidance for 2025, focusing on growing wireless service revenue, expanding adjusted EBITDA, and generating strong free cash flow [2][10] Financial Performance - Earnings per share (EPS) increased to $1.15 in Q1 2025 from $1.09 in Q1 2024, with adjusted EPS rising to $1.19 from $1.15 [7][24] - Total operating revenue reached $33.5 billion, reflecting a 1.5% year-over-year increase [7] - Consolidated net income for Q1 2025 was $5.0 billion, up from $4.7 billion in Q1 2024 [7] - Free cash flow improved to $3.6 billion in Q1 2025, compared to $2.7 billion in Q1 2024 [7][26] Wireless and Broadband Segments - Total wireless service revenue was $20.8 billion, marking a 2.7% increase year-over-year [7][6] - The company achieved broadband net additions of 339,000 in Q1 2025, with total broadband connections exceeding 12.6 million, a 13.7% increase year-over-year [5][10] - Consumer wireless service revenue grew to $17.2 billion, up 2.6% year-over-year [10] Business Segment Performance - Verizon Business revenue totaled $7.3 billion, a decrease of 1.2% year-over-year, but business wireless service revenue increased by 2.8% to $3.6 billion [10][9] - Business operating income surged by 66.4% year-over-year to $664 million, with a segment operating income margin of 9.1% [10][29] Debt and Cash Flow Metrics - Total unsecured debt at the end of Q1 2025 was $117.3 billion, down from $128.4 billion at the end of Q1 2024 [7][23] - The ratio of unsecured debt to net income (LTM) was 6.4 times, while the net unsecured debt to consolidated adjusted EBITDA ratio was 2.3 times [7][23] Outlook and Guidance - Verizon anticipates total fixed wireless access net additions of 308,000 in Q1 2025, aiming for 8 to 9 million fixed wireless access subscribers by 2028 [10] - The company expects total wireless service revenue growth of 2.0% to 2.8% and adjusted EBITDA growth of 2.0% to 3.5% for 2025 [11]

Core Viewpoint - Verizon Communications Inc. is set to report its first-quarter 2025 earnings on April 22, with sales and earnings estimates at $33 billion and $1.15 per share respectively, showing slight improvements in earnings estimates for 2025 and stability for 2026 [1] Earnings Estimates - The Zacks Consensus Estimate for Q1 earnings is $1.15 per share, unchanged from the previous week, with a slight increase from $1.14 per share 30 days ago [2] - The earnings surprise history shows Verizon has exceeded expectations in the last four quarters, with an average surprise of 1.33% [2][3] Revenue Projections - The Consumer segment revenue is estimated at $25.35 billion, while the Business segment is projected at $7.36 billion [7][9] - Verizon's introduction of bundled internet plans and partnerships with companies like Banco Santander and Honeywell are expected to drive revenue growth [5][6][9] Strategic Initiatives - Verizon launched a converged offering for home and mobile internet customers, providing discounts and priority support, which is anticipated to generate incremental revenues [5] - The company has enhanced its cybersecurity measures and introduced AI-powered solutions for small businesses, indicating a focus on improving customer interactions and security [8][7] Market Position and Valuation - Over the past year, Verizon's stock has increased by 12.7%, underperforming compared to the industry growth of 44.2% [11] - The company's price/earnings ratio stands at 9.28, lower than the industry average of 14.13, suggesting a relatively attractive valuation [14] Growth Drivers - Verizon's investment in fiber infrastructure and 5G Ultra-Wideband network expansion are key growth drivers, supporting AI systems and enhancing service quality [15][16] - The Complete Business Bundle solutions are gaining traction, indicating a positive response to the company's offerings [16] Competitive Landscape - Verizon faces challenges from competitors like T-Mobile and AT&T, as well as macroeconomic pressures impacting its wireline business [10][18] - The company's strategy of promotional activities to attract customers is creating margin pressures, highlighting the competitive nature of the industry [17]

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NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report first-quarter 2025 earnings on Tuesday, April 22. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. First-quarter 2025 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, https://www.verizon.com/about/investors. These materials will include: Detailed information on Verizon's first quarter results, including a recording and transcript of man ...

Core Viewpoint - Verizon Communications Inc. has demonstrated resilience during recent market downturns, highlighting the strength of its well-covered dividend and solid underlying value proposition [1]. Group 1 - Verizon's performance has been comparatively strong amidst market challenges, indicating robust financial health [1]. - The company's dividend is well-supported, which is a key factor in its attractiveness to investors [1]. - The underlying value proposition of Verizon remains solid, contributing to its stability in turbulent market conditions [1].